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According toEntertainment Weekly, Will Ferrell will host the May 12th episode of Saturday Night Live, featuring musical guest Usher. The SNL alum last hosted the show in May 2009 and this will be his third time as host. Though Ferrell has also returned to the show in non-host capacities, he is now Number Four among former cast members on the all-time SNL host appearances list, tied with Tina Fey and behind Dana Carvey, Bill Murray and Chevy Chase. Usher will perform as the night's musical guest in support of his upcoming record, Looking for Myself.